Welcome to the FlashFX blog — a must-read for anyone sending money abroad. Find out how to save on international money transfers & manage your money across borders.
Aussie dollar gain on French election result
The Australian share market and dollar have been beneficiaries of Emmanuel Macron's victory in the first round of the French presidential election, as the centrist looks increasingly likely to win the run-off. The biggest initial beneficiary of the outcome was the euro, which jumped around 2 US cents to $US1.
Sterling up. Aussie down. Market update.
The British pound was the big mover this week as the UK unexpectedly headed to the polls. Westpac's Sean Callow discusses how durable sterling's rally is likely to be. He also discusses the role of the RBA minutes in the AUD/USD decline earlier this week and takes a look
AUD CAD Exchange Rate Slides after AUD-Damaging Trade Report
The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties. The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships. With the US looking increasingly protectionist, Australian officials have considered whether
The Australian dollar rallied back to the highs after FOMC
The Australian dollar surged back above the 0.7700 level on Thursday morning, propelled higher by renewed US dollar weakness after yesterday’s US Federal Reserve [https://www.federalreserve.gov/newsevents/press/monetary/20170315a.htm] lifting interest rate by 25 basis points. The gain in the AUD/USD was the
US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen
The Australian dollar finished lower the last week, breaking sharply on rising expectations for a U.S. interest rate hike at the Fed’s next meeting on March 15. Strong U.S. economic reports and continued hawkish remarks from U.S. Federal Reserve officials were the catalysts behind rising U.
Increased AUD buying power on EUR transfers with Eurozone Greek debt worries re-appearing
Since the start of the new year, the Australian Dollar increased by about 5.8% in value compared to the EURO, lingering in the mid 0.72s, as fears that Greece will be forced to crash out of the Eurozone persist. Greece’s government is currently at an impasse with
President Trump could be good for the economy, says Reserve Bank governor Philip Lowe
Reserve Bank governor Philip Lowe has predicted some of the Trump administration's economic policies could be good for Australia and the global economy while warning it could also turn out "very badly" if America retreats from the international order of the world. "It's very difficult to predict how the new
Build a wall, damage the US dollar?
Paul Donovan, Global Chief Economist at UBS Wealth Management asks "The Mexican wall is to be built. The Dow hit 20,000 in an indulgence of exuberance at the thought, yet the US dollar softened immediately after the announcement. Why?" "The wall is a positive for profits in key parts
Aussie dollar slump 'knee-jerk' reaction to Fed
Zac Crellin writes in the SMH "Strong hints by the US Federal Reserve that interest rates will rise at a faster pace in 2017 have sent the greenback flying against most major currencies but analysts doubt the Australian dollar will slide much further." "The Aussie dollar plunged 1.4 per
Dollar Pushes to New Highs—With New Risks
The Wall Street Journal reports that the dollar extended its powerful rally, spurring central banks in developing countries to take steps to stabilize their own currencies and threatening to create headwinds for the long-running U.S. expansion. AUD/USD has been in a downward spiral since the Trump victory, and
Australian dollar down on fear of Trump trade war
The Australian dollar has been bashed amid market concerns about the potential impact of US President-elect Donald Trump’s policies on the Australian economy. At 7am on Monday, the local unit was trading at 75.30 US cents, down sharply from 76.26 cents on Friday. National Australian Bank global
Foreign Exchange News Video
The Aussie dollar is a little firmer over the week, with help from the RBA's steady hand and elevated commodity prices. However, the huge risk from the US elections, with results due in Sydney trade Wednesday The AUD is likely to move sharply either way, but particularly if Trump wins,
Aussie Surge May Signal Good Times for the Global Economy
To gauge whether the global economy is finally picking up, take a look at the performance of the Australian dollar since the end of June. The world’s fifth-most traded currency climbed for a third day on Tuesday after the Reserve Bank of Australia left its benchmark interest rate unchanged
8 reasons why the Australian dollar didn't fall after the RBA cut rates
Even after a small pullback on Wednesday, the Australian dollar is still higher than where it was trading at before the Reserve Bank of Australia cut rates on Tuesday, taking its official cash rate to a record-low level of 1.50%. The strength in the Aussie has baffled some analysts,